Meus vox vocis silentium per pactum officium.
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Cambodia has offered investment incentives in the areas of agriculture, communication infrastructure development, power generation, heavy industries and human resource development.
Officials from the Cambodian Ministry of Trade and Development Council made the announcement to Vietnamese investors doing business in Cambodia at a meeting in Phnom Penh on Sept. 23.
They further said that foreign investors in Cambodia will enjoy tax holidays for 3 and 9 years. The Investment Law of Cambodia also stipulates that imported items for domestic production shall be totally exempt from import tariffs and that foreign investors are allowed to transfer all their profit abroad.
Cambodian officials also replied to Vietnamese investors' queries on land leasing procedures and tariffs on imported materials and goods.
At the meeting, Vietnamese businesspeople shared their experiences in doing business in Cambodia with their colleagues who plan to invest in the country.
According to figures released by the Vietnamese trade representative to Cambodia, two-way trade grew at an average growth rate of 35 percent in the 1998-2004 period. The two countries expect two-way trade to reach 650 million USD in 2005 and 1 billion USD in 2010
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